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SB Energy to build data center and power plant in Ohio for SoftBank's AI drive
SoftBank Group's SB Energy is undertaking infrastructure development for CEO Masayoshi Son's artificial intelligence initiative, with plans to transform a former uranium enrichment plant site in Piketon, Ohio, into a natural gas-fired power complex and one of the world's largest data center campuses. U.S. Commerce Secretary Howard Lutnick participated in the groundbreaking ceremony in March.
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24H Trending
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China's futures exchanges to tighten leash on quant trading, defining violations and punishments
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Dutch pensions manager PGGM agrees to take on part of the risk on €5 billion of ING loans backing energy transition
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Goldman Sachs: U.S. Stock Market Sees Worst Internal Divergence Since Pandemic, Institutions "Panic-Rushing into Value Stocks" Leads to Sharp Reversal in Tech Flows
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Intel and Broadcom CEOs warn that capital is the biggest bottleneck for AI, with Broadcom's CEO stating some investors are "gambling in a casino"; Musk responds: Don't cry when you're in a casino.
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Malaysia's King Sultan Ibrahim Iskandar acquired a S$6.1 million (US$4.8 million) stake in local rare earth miner Southern Alliance Mining Ltd, which is expanding its rare earth business.
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Samsung Electronics and SK Hynix shares fell due to concerns over Chinese competitors and comments from Broadcom.
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BlackRock, the world's largest asset manager, has adjusted its core allocation: overweighting short-term U.S. Treasuries, and downgrading U.S. equities and MBS to neutral.
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Broadcom is seeking to raise over $50 billion from investors including Blackstone, while Intel raised approximately $20 billion in August.
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The utilization rate of frontier AI models plummeted from 55% in Q1 2025 to 14% in Q3 2026, as the market shifted towards cost-effectiveness.
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Australia's RBA raised key rate two weeks ago due to inflation risks, remains alert
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